MACD/Trendline Swing Trader

All depends on Oil...

 

Out of 1/2 DRYS and all Calls at 98.47
Out of TIE.. 3% Stop out.

Added to SQM at 35

TIE weekly attached.. 16.66 must hold.

 

EDIT.. TIE stop out was 1/2 position.. Stop under yesterday's low on remainder..

 

Started small RYL 28 and LEN 17.12 Short..

 

Sold rest of DRYS 96.56.. tried a small short.. no shares.. will think of Puts..
Sold 1/2 SQM 36.87

 

Well.. got the Dow 12700's

Sold 2/3 FINL
Out of MTL 55.7

Shorts
RYL, TOL, LEN..
STP (very late.. not ideal)
DRYS short would have been great..

 

could you please explain a bit more about the setup of drys short?

btw, great posts!

 

Some stocks "cycle" well with their MACD. DRYS is one of those and it's MACD Histogram went under zero last week indicating a short ASAP. A bounce (Wednesday) and any sign of weakness (a red bar late morning) is the best op to short. DRYS is a MAD stock so you must not be on the wrong side of a trade with it making it CRITICAL to take signals ASAP and not chase. BDI rates also quite extended.. http://www.dryships.com/index.cfm?get=report
... Shipping stocks live or die on these rates.

Due to it's madness, one of the other key shippers probably better to trade... EXM, TBSI, or even GNK...

 

Of course THE safest way to handle ANY stock is to wait for it to "set up". No set up, no trade... I break this rule too often like yesterday with the STP short... therefore I will be attending a short roast this morning.

 

Out of STP pre-market mid 43's 3pt loss pre-market trading BAD!
Long SOL pre-market 24.85 pre-market trading GOOD!
Out of SQM 36.5
Out of SOL 25.29
Out of FINL 7.72